This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 27 matches

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by Writeoff
Wed Feb 07, 2018 9:07 pm
Forum: Real Estate Talks
Topic: 2018 -The year of housing correction arrived.
Replies: 2
Views: 556

2018 -The year of housing correction arrived.

Banks in Canada closely monitor levels of household debt and only lend to those who they believe can pay the money back,” said Dave Bauer, a spokesman for the Canadian Bankers Association. New mortgage applications are down for single-family homes.  First time home buyers have driven into condo and...
by Writeoff
Sat Feb 03, 2018 8:22 pm
Forum: Real Estate Talks
Topic: New Commercial Building
Replies: 1
Views: 348

New Commercial Building

Looking for ideas to initiate construction of a mixed-use commercial building. What is the initial process and who are the players? I own a clear title commercial lot in Maple Ridge.
by Writeoff
Tue Dec 26, 2017 11:50 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 49
Views: 3808

Re: Is the boom over?

The market is stabilizing after thousands are being priced out and are scrambling to find a rental! It's like a train just arrived but full and the desperate riders are waiting for the next one. The stress test will be stressed like many other tests before it. But this time it is ensured that everyo...
by Writeoff
Tue Dec 26, 2017 11:05 pm
Forum: Real Estate Talks
Topic: Introduce Yourself to the Forum!
Replies: 291
Views: 228220

Re: Introduce Yourself to the Forum!

I am a Banker with a Chartered Bank in Canada.
by Writeoff
Tue Mar 22, 2016 9:52 pm
Forum: Real Estate Talks
Topic: Overheating - Semven!?
Replies: 14
Views: 5060

Re: Overheating - Semven!?

I was curious where his next deal is, what areas he's looking into, etc - threw me off balance - he says he's sitting out. Had he told you where his next deal is, you won't be wasting your time posting here. Unless you are the one who just talk the talk. The fools are selling and greater fools are ...
by Writeoff
Thu Jan 28, 2016 5:15 pm
Forum: Real Estate Talks
Topic: New to Real Estate (Vancouver) - Need Strategic Advice
Replies: 117
Views: 24195

Re: New to Real Estate (Vancouver) - Need Strategic Advice

If you want to buy your second property in two years, buy your first now. Vancouver is different. Soon, people will rent their homes for half days. Renters will sleep during the day and leave before you are home. There will be an app for this arrangement and TV shows to promote this trend. :lol: Imm...
by Writeoff
Wed Dec 09, 2015 12:09 pm
Forum: Real Estate Talks
Topic: Comment on Vancity Buzz. Dubai Engineer owns 6 homes
Replies: 2
Views: 3395

Re: Comment on Vancity Buzz. Dubai Engineer owns 6 homes

So the people he rent to are not Canadians? He may be subsidising them and provide affordable housing. Nothing wrong with that?
by Writeoff
Sun Mar 01, 2015 10:26 pm
Forum: Real Estate Talks
Topic: Successful Investor Tips
Replies: 21
Views: 8692

Re: Successful Investor Tips

....I agree on this one but only where the mortgagor is old person with lots of equity. "Whipmaster" " greater risk brings greater rewards" If you like to play safe then invest in GIC. :D Older guys with lot's of equity can borrow for less. As an investor you would like to get 8...
by Writeoff
Fri Feb 27, 2015 9:35 pm
Forum: Real Estate Talks
Topic: Successful Investor Tips
Replies: 21
Views: 8692

Re: Successful Investor Tips

Invest in Mortgages, in markets like BC. You cannot go wrong.
by Writeoff
Thu Feb 12, 2015 2:46 pm
Forum: Real Estate Talks
Topic: Here's Why the Market for Single Family Homes is So Active
Replies: 7
Views: 4544

Re: Here's Why the Market for Single Family Homes is So Act

chinabuyer.JPG
chinabuyer.JPG (47.85 KiB) Viewed 4391 times


I saw this on the craigslist today.
by Writeoff
Sat Feb 07, 2015 10:58 pm
Forum: Real Estate Talks
Topic: 2.54 5 year fixed at Industrial Alliance
Replies: 10
Views: 4189

Re: 2.54 5 year fixed at Industrial Alliance

Austin wrote:
Wooohoo. Zirp, here we come.


There is lots of crap inside of mortgages that most people do not know. Most people only understand rates. For residential, there are things like IRD penalties + re-advanceables
by Writeoff
Sat Feb 07, 2015 10:44 pm
Forum: Real Estate Talks
Topic: 2.54 5 year fixed at Industrial Alliance
Replies: 10
Views: 4189

Re: 2.54 5 year fixed at Industrial Alliance

Prime- 0.70 is being offered by many lender. :)
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